Alphabet Gains, Hut 8 Rises, AMC Jumps After 2Q Adj. Ebitda Beats Estimates
On this episode of Stock Movers: -Alphabet (GOOGL) shares gained on a report that the company is developing a server chip designed to optimize its Gemini artificial intelligence model. The semiconductor, called Frozen v2, may be deployed as soon as 2028, and would reduce the amount of data the chip has to move around, making it faster at responding to queries. Alphabet has seen significant demand for its tensor processing units, or TPUs, and is preparing to deliver TPUs to a select group of customers for their own data centers. -HUT 8 (HUT US) shares rise. It announced a second 15-year, $9.8…
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